Empowerment Incorporated
EIN: 631242259 · Birmingham, AL · NTEE: P30
| Metric | Value |
|---|---|
| Total Revenue | $842K |
| Total Expenses | $1.5M |
| Net Assets | $-115,941 |
Is Empowerment Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Empowerment Incorporated
Empowerment Incorporated (EIN: 631242259) is a nonprofit organization based in Birmingham, AL, classified under NTEE code P30. The organization reported total revenue of $842K and total assets of $139K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Empowerment Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Empowerment Incorporated is a small nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$11K |
| Total Assets | $77K |
| Total Liabilities | $193K |
| Net Assets | $-115,941 |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 250.2% |
| Months of Reserves | 0.6 months |
Financial Health Grade: B
In 2023, Empowerment Incorporated reported a surplus of $11K with revenue exceeding expenses, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 250.2% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Empowerment Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.7% | -18.3% | +17.3% |
| 2022 | +219.3% | +377.6% | -76.2% |
| 2021 | +327.2% | +231.7% | +75.2% |
| 2020 | -79.8% | -80.4% | +286.9% |
| 2019 | +1143.7% | +1100.5% | +12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Empowerment Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Empowerment Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 250.2%.
Frequently Asked Questions about Empowerment Incorporated
Is Empowerment Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Empowerment Incorporated (EIN: 631242259) insufficient data. 0 red flags identified, 0 strengths noted.
How does Empowerment Incorporated spend its money?
Detailed spending breakdown data is not yet available for Empowerment Incorporated. Check back for updated IRS 990 analysis.
Are donations to Empowerment Incorporated tax-deductible?
Empowerment Incorporated is registered as a tax-exempt nonprofit (EIN: 631242259). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Empowerment Incorporated located?
Empowerment Incorporated is headquartered in Birmingham, Alabama and files with the IRS under EIN 631242259. It is classified under NTEE code P30.
How many years of IRS 990 filings does Empowerment Incorporated have?
Empowerment Incorporated has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $842K in total revenue.
Filing History
IRS 990 filing history for Empowerment Incorporated showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Empowerment Incorporated's revenue has grown by 205.7%, moving from $494K to $1.5M. Total assets increased by 109.9% over the same period, from $37K to $77K. Total functional expenses rose by 199.3%, from $501K to $1.5M. In its most recent filing year (2023), Empowerment Incorporated reported a surplus of $11K, with revenue exceeding expenses. The organization holds $193K in liabilities against $77K in assets (debt-to-asset ratio: 250.2%), resulting in net assets of $-115,941.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $77K | $193K | — | — |
| 2022 | $1.6M | $1.8M | $66K | $193K | — | View 990 |
| 2021 | $513K | $385K | $276K | $203K | — | View 990 |
| 2020 | $120K | $116K | $158K | $212K | — | View 990 |
| 2019 | $595K | $590K | $41K | $68K | — | View 990 |
| 2018 | $48K | $49K | $36K | $68K | — | View 990 |
| 2017 | $1.1M | $1.1M | $38K | $68K | — | View 990 |
| 2016 | $758K | $767K | $58K | $43K | — | View 990 |
| 2015 | $518K | $530K | $43K | $19K | — | View 990 |
| 2014 | $494K | $501K | $37K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $77K (revenue -7.7% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.8M, and assets of $66K (revenue +219.3% year-over-year).
- 2021: Revenue of $513K, expenses of $385K, and assets of $276K (revenue +327.2% year-over-year).
- 2020: Revenue of $120K, expenses of $116K, and assets of $158K (revenue -79.8% year-over-year).
- 2019: Revenue of $595K, expenses of $590K, and assets of $41K (revenue +1143.7% year-over-year).
- 2018: Revenue of $48K, expenses of $49K, and assets of $36K (revenue -95.5% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $38K (revenue +41.5% year-over-year).
- 2016: Revenue of $758K, expenses of $767K, and assets of $58K (revenue +46.5% year-over-year).
- 2015: Revenue of $518K, expenses of $530K, and assets of $43K (revenue +4.7% year-over-year).
- 2014: Revenue of $494K, expenses of $501K, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Empowerment Incorporated:
Data Sources and Methodology
This transparency report for Empowerment Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.